Research Detail
| 2024/09/19 / Erste Group Research |
US Fed starts monetary easing cycle At the meeting of the FOMC, the interest-setting body of the US Federal Reserve, which ended today, the key interest rates were cut by 50 basis points (bp). The upper limit of the federal funds target rate is now 5.00%. The vote among the relevant FOMC members was clear, with 11 votes in favor and one against, although the decision was not unanimous. The press release emphasized that gains in the labor market have slowed and that inflation has continued to approach the target of 2%. The FOMC is confident that the inflation rate is also moving sustainably towards this target. The risks to achieving the dual mandate of inflation targeting and full employment are seen by the FOMC as essentially balanced. The press release made it clear that further interest rate adjustments are possible based on new data. |
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General information
| Author | Erste Group Research |
| Date | 2024/09/19 |
| Language |  |
| Product name | Short Notes Major Markets |
| Topic in focus | Macro/ Fixed income |
| Economy in focus | United States |
| Currency in focus | US Dollar |
| Sector in focus | - |
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